Regulatory Alerts2026-08-10
Added
Draft Securities Industry (Anti-Money Laundering, Countering Financing of Terrorism and Countering Financing of Proliferation) (Amendment) Rules, 2026
This draft document amends the Securities Industry (Anti-Money Laundering and Countering Financing of Terrorism) Rules, 2015 to apply to all regulated persons under the Securities Industry Act, 2024. It introduces a framework for countering the financing of proliferation, replaces references to money laundering and terrorist financing with 'identified risks', and establishes targeted financial sanctions requiring the immediate freezing of funds for designated persons. The rules also mandate simplified due diligence for lower-risk clients subject to Commission approval, enhance due diligence measures for politically exposed persons and higher-risk clients, and update digital asset and outsourcing provisions.